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Unformatted text preview: BUDGETARY FUND BALANCE RESERVED FOR ENCUMBRANCES 182,000 August 8, 20X2 BUDGETARY FUND BALANCE RESERVED FOR ENCUMBRANCES 182,000 ENCUMBRANCES 182,000 ExpendituresCapital Outlay 189,000 Contract Payable 189,000 Establish contract payable for walkway. ExpendituresCapital Outlay 5,500 Vouchers Payable 5,500 Establish vouchers payable for added carpeting. November 3, 20X2 Contract Payable 189,000 Vouchers Payable 5.500 Cash 194,500 Pay contract payable and vouchers payable. 3. Close nominal accounts: Revenue County Grant 50,000 Other Financing Sources Bond Issue 150,000 Other Financing Sources Bond Premium 6,000 Fund Balance Unreserved 206,000...
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- Fall '11